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Godrej Properties raises Rs 3,750 crore via QIP issue

Godrej Properties raises Rs 3,750 crore via QIP issue
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Godrej Properties raises Rs 3,750 crore through QIP issue


Realty firm Godrej Properties on Tuesday said it has raised Rs 3,750 crore through sale of shares to institutional investors.
Last week, the company launched its qualified institutional placement (QIP) issue to raise up to Rs 3,750 crore.
The QIP committee of the board of directors of the company approved the issue and allotment of 2,58,62,068 equity shares of face value Rs 5 each to eligible qualified institutional buyers at the issue price of Rs 1,450, against the floor price of Rs 1,513.39 per share, aggregating to Rs 37,49,99,98,600, according to a regulatory filing.
The issue opened on March 9, 2021 and closed on March 15, 2021.
Invesco Oppenheimer Developing Markets Fund, Government of Singapore, Monetary Authority Of Singapore, Goldman Sachs Funds - Goldman Sachs Emerging Markets Equity Portfolio and Universities Superannuation Scheme Ltd (USSL) As Trustee Of Universities SUP and Baron Emerging Markets Fund are major investors who participated in the ....

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Stocks in focus: RIL, Adani Ports, Magma Fincorp, Godrej Properties, Jubilant FoodWorks, Puravankara


Stocks in focus: RIL, Adani Ports, Magma Fincorp, Godrej Properties, Jubilant FoodWorks, Puravankara
Surbhi Jain
© Provided by The Financial Express
NSE s Nifty has been in a consolidation range of 14,800-15,200 since last 4-5 trading sessions. Image: Reuters
BSE Sensex and Nifty 50 were likely to open in the positive territory on the weekly expiry day on Wednesday. The market will remain shut on Thursday, March 11, 2021, on account of Mahashivratri. In the previous session, BSE Sensex jumped 584 points or 1.16 per cent to end at 51,025, while the NSE s Nifty ended 142 points or 0.95 per cent at 15,098, helped by a sharp pull back in the last hour of trade led by financials. NSE’s Nifty has been in a consolidation range of 14,800-15,200 for since last 4-5 trading sessions. Further directional cues are likely to emerge on a move beyond the 14862-15111 range. A breakout is likely to lead to the Nifty testing the 15273 levels. Downside support t ....

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